Redwood Trust Inc. (NYSE:RWT) shares, rose in value, with the stock price up by 0.88% to the previous day’s close as strong demand from buyers drove the stock to $5.72.
Actively observing the price movement in the last trading, the stock closed the session at $5.67. The value of beta (5-year monthly) was 1.52. Referring to stock’s 52-week performance, its high was $8.30, and the low was $5.45. On the whole, RWT has fluctuated by -8.77% over the past month.
With the market capitalization of Redwood Trust Inc. currently standing at about $752.64 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 0.64, with its dividend yield at 11.19%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RWT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RWT currently trading nearly -3.26% and -6.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.39, while the 7-day volatility ratio is showing 2.01% which for the 30-day chart, stands at 2.60%. Furthermore, Redwood Trust Inc. (RWT)’s beta value is 1.53, and its average true range (ATR) is 0.16.
A comparison of Redwood Trust Inc. (RWT) with its peers suggests the former has fared considerably weaker in the market. RWT showed an intraday change of 0.88% in last session, and over the past year, it shrunk by -10.49%%.
Data on historical trading for Redwood Trust Inc. (NYSE:RWT) indicates that the trading volumes over the past 3 months, they’ve averaged 1.59 million. According to company’s latest data on outstanding shares, there are 131.49 million shares outstanding.
Nearly 1.17% of Redwood Trust Inc.’s shares belong to company insiders and institutional investors own 77.34% of the company’s shares. The stock has fallen by -22.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RWT stock heading into the next quarter.
